Associate - Restructuring and Insolvency - Herbert Smith Freehills - London

Recent work

• Ernst & Young
  on the administration of Nortel across 34 European jurisdictions. This multijurisdictional administration is one of the most complex administration filings ever undertaken in London and the largest pan-European filing ever undertaken under the European Insolvency Regulations
  


• hibu plc
  (formally Yell Group) on its £3.8 billion debt restructuring in 2009 and its £2.3 billion debt restructuring in 2012
  


• CPPL
  on a transformative scheme of arrangement to enable the company to compensate some 8 million eligible customers who had bought a range of the company’s insurance products
  


• Cyprus Popular Bank
  in the UK for the Cypriot special administrator and the bailout of the bank in Cyprus. This instruction involved splitting the bank’s UK operation into two, and managing the transfer of substantial funds to other Cypriot banks
  

Notable practitioners:
•
Laurence Elliott
acts on a wide range of restructurings and distressed situations, including most recently a number of matters acting for lenders in the oil & gas sector in the North Sea and in Africa; the Financial Services Compensation Scheme in numerous cases of default, and the scheme of arrangement for Independent Insurance Company.

•
Kevin Pullen
is singled out by sources for his “incisiveness on restructuring law,” which inspires confidence in his clients. He is recognised as a practitioner who is willing to “take the weight onto his shoulders” in a transaction. He acts for debtors, creditors and insolvency practitioners in a variety of domestic and international situations.

Job requirements

• We would expect the successful candidate to have 0-2 year’s PQE, with evidence of solid experience in restructuring, turnaround and insolvency;
  


• A desire to contribute to growing the RTI practice;
  


• Detailed knowledge of restructuring and insolvency law and practices;
  


• Experience of complex international transactions gained at an international firm with a strong presence in this sector;
  


• Experience dealing directly with, and being the main point of contact with clients;
  


• Good interpersonal skills with clients and colleagues alike and a readiness to take responsibility and use your initiative.
  

Behavioural competencies

Behavioural competencies

• Team player;
  


• Strong communication skills;
  


• Strong influencing and leadership skills;
  


• Ability to use initiative and be pro-active;
  


• Ability to establish professional credibility.